Statutory Audit and Multi-Specialty Audit Services & Advisory Consultancy Services
Introduction
The Statutory Audit and Multi-Specialty Audit Services & Advisory Consultancy Services framework, managed by NHS Commercial Solutions, is a structured procurement route designed to support NHS trusts and other public sector organisations in securing high-quality audit services. This framework, which is not a Dynamic Purchasing System (DPS), is scheduled to run until 28 January 2026. Its primary purpose is to ensure that financial and operational practices within the NHS and associated public entities adhere to the latest legal requirements and auditing standards.
Context & Use Case
This framework offers a comprehensive solution for public sector entities seeking efficient access to a range of audit services. It is specifically tailored to meet the needs of NHS organisations, providing them with the means to maintain compliance with statutory requirements and safeguard against financial discrepancies. By utilising this framework, contracting authorities can effectively manage risk, enhance financial transparency, and ensure the integrity of their financial reporting and governance processes.
Scope of Services
The framework is divided into several specific service areas, referred to as lots, which cater to different audit and advisory needs. These include: 1. Lot 1: Statutory Audit/External Audit – Providing services for statutory financial audits to ensure compliance with regulatory standards. 2. Lot 2: Counter Fraud – Specialising in the detection and prevention of fraudulent activities within organisations. 3. Lot 3: Internal Audit – Offering internal auditing services to assess and improve the effectiveness of risk management and governance. 4. Lot 4: Assurance Reviews – Recently added, this service focuses on verifying the accuracy and integrity of financial reports and processes. 5. Lot 5: Digital and IM&T Audit – Auditing services related to digital systems, information management, and technology. 6. Lot 6: Security Management – Services aimed at managing and mitigating security risks. 7. Lot 7: Multi Audit Service Provision – A combined service offering that includes elements from lots 2 through 6, providing a holistic audit service package.
Who Can Apply
This framework is open to a wide range of suppliers who specialise in audit and consultancy services. Suitable applicants include professional service firms with expertise in statutory audits, counter-fraud measures, internal audits, and digital system assessments. While it is not a DPS, meaning applications are not open throughout its lifetime, suppliers can benefit from the structured lot system, which allows them to showcase their specific capabilities.
Buyer Benefits
Public sector buyers using this framework can expect enhanced compliance with legal and statutory audit requirements, rapid access to a pre-vetted pool of service providers, and the ability to procure services swiftly and efficiently. The framework supports competition among suppliers, which can result in better value for money. Additionally, it simplifies the procurement process by offering predefined service categories, thus reducing administrative overheads.
Lots
Lot 1: Statutory Audit/External Audit This lot covers statutory and external audit services. Lot 2: Counter Fraud This lot covers services related to countering fraud. Lot 3: Internal Audit This lot covers internal audit services. Lot 4: Assurance Reviews This lot covers services for conducting assurance reviews. Lot 5: Digital and IM&T Audit This lot covers digital and information management and technology audit services. Lot 6: Security Management This lot covers services related to security management. Lot 7: Multi Audit Service Provision This lot provides combined service provision for lots 2 to 6.
Next Steps
Suppliers interested in participating in this framework should thoroughly review the specific requirements for each lot and prepare their submissions accordingly. It is advisable to contact NHS Commercial Solutions directly to gain further insights into the application process and ensure alignment with the framework’s objectives and standards.
How Biddable Can Help
At Biddable, we assist suppliers in navigating public sector frameworks like this one. Our services include helping you discover relevant opportunities, preparing your submissions, and maintaining visibility over your procurement pipeline. We strive to provide the necessary support to enhance your engagement with the public sector procurement landscape.